5428 5th Street NE
Property Description
$100K price reduction! Welcome to this well-positioned 4-unit investment opportunity in Fridley, a community celebrated for its natural beauty and everyday convenience. Nearby Springbrook Nature Center offers 127 acres of wooded boardwalks, wildlife viewing, and environmental education, while commuters will appreciate quick access to the Twin Cities. Residents also enjoy walkability to Jubilee Park and Oak Hill Park, along with nearby shopping, dining, and entertainment just minutes away. The property features four total units, including two 2-bedroom units on the upper level with a mirrored layout, plus one 2-bedroom and one 1-bedroom unit on the lower level. All units share a welcoming front vestibule with a dedicated mail area, along with convenient access to shared laundry and utility space equipped with a GE washer and dryer and utility sink. From this area, residents also have direct access to the back dedicated parking lot and off-street parking. Unit 1 is a lower-level 1-bedroom, 1-bathroom residence offering a bright living room with front yard views and abundant natural light. The open layout flows into the dining area and kitchen, which is equipped with stainless steel appliances. The full bathroom features a tile surround, while the bedroom provides side yard views and dual closets for generous storage. Unit 2 is a spacious lower-level 2-bedroom, 1-bathroom unit filled with natural light from multiple windows throughout, creating a warm and inviting atmosphere. The kitchen features stainless steel appliances and a tile backsplash, opening seamlessly to the dining and living areas for comfortable everyday living and easy entertaining. Both bedrooms are nicely sized with LVP, and the bathroom is conveniently located between them. Units 3 and 4 occupy the upper level and share a mirrored 2-bedroom, 1-bathroom layout. Each unit offers an open-concept design with kitchens that flow into the dining and living areas, creating a functional and comfortable living space. Generous cabinet storage enhances each kitchen, while both bedrooms are well-sized and located near the full bathrooms. All units include direct interior access to the shared laundry and utility area. With four thoughtfully designed units, strong access to parks and natural amenities, and convenient connectivity to the Twin Cities, this Fridley property offers an appealing blend of lifestyle and long-term investment potential. From wooded trails to urban convenience, it delivers the balance today's renters are actively seeking. Note: annual gross revenue is an estimate based on previous history
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $500,000 |
| Year Built: | 1961 |
| Lot Size: | 2,873.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 4 |
ID: 3yd-RMLSMN-7082990
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